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Information about Numeraire (NMR)
Numeraire is an Ethereum-based blockchain platform that allows data scientists to predict financial models by providing encrypted data. By combining the power of machine learning, AI technology, data science, and cryptography, Numeraire builds an optimal economic model without sacrificing data security.
Founded in late 2015 in San Francisco, Numerai was the first hedge fund to launch a cryptocurrency into the market, allowing users to protect their portfolios from market volatility while generating positive returns in both up and down markets. However, unlike traditional hedge funds, Numerai creates a hedge fund that requires the cooperation of data scientists to develop the system and get the most out of it.
The development team claims that Numeraire is the first hedge fund to use machine learning in its investment strategy. Numeraire aims to combine data science, machine learning, AI, and cryptography to incentivize scientists to predict financial models.
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NMR gains ai traction: More AI agents from Virtuals Protocol are choosing NMR, Numerai’s native token, for storing trading profits. Initially launched in 2015 on Ethereum, NMR stands out due to its effective value retention witnessed after various DeFi strategies like trading, staking, and farming.
Cosmic shift in ai behavior: Numerai’s founder, Richard Crab, introduced the “Cosmic dataset” on X, hinting at evolving AI behaviors toward NMR. Additionally, Vitalik Buterin’s prediction emphasizes Numerai’s potential in stock prediction, enhancing NMR’s adoption among AI communities.
Numeraire (NMR) rises 62.97%, trading volume spikes
NMR suddenly witnessed an impressive growth of 62.97% to a price of $17.6552 after many days fluctuating around $10.33 – $14.13.
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